NBB launches Mazaya offer

The National Bank of Bahrain (NBB) has announced an offer for beneficiaries of the Mazaya social housing scheme, wanting to buy a home in the final phase of the Deerat Al Oyoun project in Diyar Al Muharraq.

The bank said it is offering cash prizes of up to BD1,000 for the first 30 loan applicants.

In addition to the cash prize, customers will avail of an attractive interest rate along with loan amounts covering the property value, a tenor period of up to 30 years, and a fast and seamless approval process.

Customers will also have their processing and land evaluation fees waived in addition to free insurance coverage against fires, said the bank.

In addition, NBB will pay the property registration fees on behalf of Mazaya customers, and will waive the life insurance premium on secondary loans within the scheme as well.

Facilitating the process for its customers, NBB will also participate in the upcoming roadshow organised by Eskan Bank.

The Deerat Al Oyoun development covers a total land area of 1.2 million square metres and includes more than 3,000 housing units in total.

In the final phase of the project, a total of 1,061 villas are available for purchase.

Operated by the Housing Ministry and Eskan Bank, the Mayaza scheme enables citizens to purchase their first home.


Source: https://www.gdnonline.com/Details/992692/NBB-launches-Mazaya-offer


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